Royal Bank of Canada to Upgrade Office Space

RBC Wealth Management, a subsidiary of the Royal Bank of Canada (RBC) is on the verge of moving to new offices in London as it prepares to grow its business in the United Kingdom and therefore raise staffing levels.

The company, which is based in the city of London, will move operations from its current office space at 71 and 77 Victoria Street to its new home of Riverbank House on Swan Lane, which means that RBC Wealth Management will also be much closer to the headquarters of the Royal Bank of Canada itself.

As many as 70 new staff members are expected to be hired across the course of the next four years by 2015, all set to join the firm’s wealth management team, which at the present time is at just 30 employees.

“This new office space is proof of our ambitions and reflects RBC’s focus on further establishing the UK as the third ‘home’ market for our two global businesses, RBC Wealth Management and RBC Capital Markets,” says the head of RBC Wealth Management in the United Kingdom, Mike Moodie. “We see tremendous opportunities to grow our wealth management business in the UK, focusing on clients based in London and the South East. Riverbank House offers outstanding facilities which I know will be enjoyed by employees, clients alike.”
Employees from the RBC Dexia joint venture will also be transferred to Riverbank House.

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